World-beating Anglo reports record half-year earnings of $12.1bn

Mining News Pro - Diversified mining company Anglo American on Thursday reported a record half-year financial performance in its position as the best of the world’s top-five global mining companies.

Ecuador mining sector needs clear regulations to attract investment

Mining News Pro - Ecuador needs clear nationwide industry regulations in order to attract foreign investment to its mining sector, the head of the country's industry association said, as community-led local referendums have slowed the development of mineral deposits.

Freeport Indonesia cancels Tsingshan copper smelter plans

Mining News Pro - Freeport McMoRan will not proceed with plans to build a new copper smelter with China’s Tsingshan Holding Group, its local Indonesian unit, PT Freeport Indonesia’s spokesman told Reuters on Thursday.

Government overlooks mining for financial assistance

Mining News Pro - Australia’s mining industry incurred a tariff input penalty of $53 million in the 2019-20 financial year, despite receiving the least assistance, according to the latest Trade and Assistance Review.

Life in mining dependent countries significantly improved

Mining News Pro - Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday.

WA resources sector adds $83bn to economy

Mining News Pro - Western Australia’s mining and resources industries contributed more than $83 billion to Australia’s economy in 2019-20 and directly provided more than 94,000 full-time jobs, according to a Chamber of Minerals and Energy Western Australia (CME) survey.

Old economy recharges lead market

Mining News Pro - Tesla intends to replace the traditional lead-acid auxiliary batteries in its Model S and X electric vehicles with lithium-ion alternatives in a revamp of the two models.

Funding allows deep dive into seabed mining

Mining News Pro - The federal government’s Australia-India Indo-Pacific Oceans Initiative Partnership (AIIPOIP) grant program has given the University of Queensland (UQ) an opportunity to research deep seabed mining.

Mining vital to economy, can help guide country's path

Mining News Pro - Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday.

Mining creates thousands of apprenticeship opportunities

Mining News Pro - The mining industry has been a major driver in the growth of apprentice and trainee numbers in Australia, with the sector on track to put thousands more into work over the coming years.

Impact Catalyst launched in Northern Cape to accelerate socioeconomic prosperity

Mining News Pro - The socioeconomic challenges facing South Africa, but also specifically the Northern Cape, require concerted effort from society and the private and public sectors to create mechanisms that drive large-scale socioeconomic development initiatives.

NSW eyes critical minerals investment in 2021-22 budget

Mining News Pro - The New South Wales Government has pledged almost $200 million for mining industries and communities as part of the state’s 2021-22 budget, including a focus on critical minerals exploration.

GolGohar Co. and Nicico have the largest share in Iran’s mining projects

Mining News Pro - 21 projects in the mining and mineral industries are ready to be inaugurated; Nicico and Golgohar Co. have the largest share.

WA skills shortage predicted to peak in 2023

Mining News Pro - The Western Australian labour market may need an extra 40,000 resources workers over the next two years due to an unprecedented skills shortage, according to a Pit Crew Consulting Services report.

Golgohar Mining invested 5m euros on 36 giant economic projects

Mining News Pro - Following the resisting economy policy in Iran, Golgohar Mining Company and the Ministry of Mine, Industry, and Trade inked a memorandum of understanding.

Huge potential of HOSCO for development projects in Iran

Mining News Pro - Chief executive of HOSCO is grateful about the company’s current situation and believes that there is a huge potential for development projects.

Lawmakers introduce long-anticipated mining tax bill in final days of session, with industry, progressives on board

With a little more than 48 hours left before the session must end, lawmakers are introducing a bill that would implement a new tax on the mining industry and a host of other provisions that are part of an apparent session-ending deal expected to prevent proposed constitutional amendments on mining from heading to the ballot.

More than 85 percent of ESCO’s equipment are localized

Mining News Pro - Maintenance director of engineering and workshops of ESCO claims that more than 85 percent of ESCO’s equipment are localized.

Perenti flags salary pressures in Australian market

Mining News Pro - Perenti Global managing director and chief executive officer Mark Norwell has revealed that demand for Australian workers is putting pressure on company costs due to increased wages.

Resources sector boosts federal budget spending spree

Mining News Pro - The Australian Government’s 2021-22 Budget has been fuelled by stronger commodity prices, which have enabled increased investment in the sector.

Trade tensions rise between China and Australia

Mining News Pro - Advisory firm WoodMackenzie (WoodMac) has warned that the escalation in the geopolitical dispute between China and Australia is likely to have an impact on the resources sector.

Gold Fields on track to deliver on guidance

Mining News Pro - Notwithstanding the impact of Covid-19, Gold mining company Gold Fields produced attributable equivalent gold production of 541 000oz, which was largely flat year-on-year and down 9% quarter-on-quarter.

IEA report outlines urgent need to accelerate investment in critical minerals needed to drive energy transitions

Mining News Pro - A new International Energy Agency (IEA) report is warning of a potential supply deficit for some of the ‘critical minerals’ needed to support a global shift in the energy system that is aligned with the Paris Climate Agreement, as well as the growing number of country commitments to cutting carbon emissions to net-zero by 2050.

Anglo American CEO: “45% of the world’s economic activity is driven by the mining sector”

Mining News Pro - Tasked with talking about the role of mining in society as part of the opening plenary at this year’s virtual CIM convention, Anglo American (LSE: AAL) chief executive Mark Cutifani didn’t mince words.

Newcrest on track for full year targets

Mining News Pro - Gold miner Newcrest Mining is on track to meet its full year production guidance, following a strong March quarter.

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